In a humiliating end to a once-promising political career, former Chicago Rep. Jesse Jackson Jr. agreed to plead guilty to a laundry list of graft in a $750,000 fund-raising scandal — including stealing donations to buy luxury items such as fur capes, a $43,350 gold Rolex watch and a trove of Michael Jackson memorabilia.

As part of the plea agreement, Jackson, the son of the civil-rights leader Rev. Jesse Jackson, agreed to forfeit the multitude of personal items bought with donations between 2007 and 2009 that had no conceivable connection to campaign business.

Among the items Jackson will give back:

* More than $7,000 of memorabilia from martial arts movie star Bruce Lee.

* $6,000 in Martin Luther King Jr. memorabilia.

* $22,700 of Michael Jackson memorabilia, including $3,900 for a Michael Jackson hat and $4,600 for a Michael Jackson fedora.

* $4,000 for a guitar belonging to Michael Jackson and “Runnin’ with the Devil” guitar virtuoso Eddie Van Halen.

* $2,300 worth of fancy capes — one mink valued at $800, and a black and red cashmere valued at $1,500.

* Other high-end fashion items such as a mink reversible parka and a black fox reversible, totaling $2,700.

Jackson faces up to five years in prison for diverting $750,000 in campaign funds and a conspiracy to commit wire fraud, mail fraud and making false statements.

His wife, Sandi, agreed to plead guilty to providing false information to the IRS.

According to prosecutors, Jackson and a handful of aides and advisors “unlawfully, willfully and knowingly” engaged in a conspiracy “to commit offenses against the United States.”

The goal of the conspiracy was for Jackson and an unnamed coconspirator “to enrich themselves” by pilfering funds donated to Jackson’s campaign “for their own personal benefit.”

Jackson made direct expenditures from campaign accounts for personal benefit totaling $58,000 and used campaign credit cards to make personal expenses totaling $583,000.

He quit the House in November after a mysterious absence.

“I offer no excuses for my conduct, and I fully accept my responsibility for the improper decisions and mistakes I have made,” Jackson said in a statement. “I want to offer my sincerest apologies . . . for my errors in judgment and while my journey is not yet complete, it is my hope that I am remembered for things that I did right.”

Both Jacksons agreed to plead guilty in plea deals with prosecutors.

Jackson could face 46-57 months in jail under sentencing guidelines plus a fine.

Jesse Jackson Jr.

* Misused $750,000 in campaign funds on luxury items and memorabilia

* Bought $43,350 gold Rolex watch, furs and Michael Jackson fedora

* Faces up to five years in prison for diverting $750,000 in campaign funds

* Wife Sandi set to plead guilty to one count of filing false tax return